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<br />fur _ 003788
<br />ADJUSTABLE RATE LOAN RIDER
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<br />This Rider is made this _XL!:!l.._ day oL______,cLl!.!L_.._.__-, 19~ and is in('.orporated into and
<br />shall be deemed to amend and supplement the Mortgage, Deed of Trust, or Deed to Secure Debt (the "Security
<br />Instrument'') of the same date given by the undersigned (the "Borrower") to secure Borrower's Note to THI:
<br />EQUITABLE BUILDING AND LOAN ASSOCIATION OF GRANO ISLAND. NEBRASKA (the"Lender")6f the
<br />same date It he "Note") and covering the property described in the Security Instrument and located at
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<br />__ >__42Ll<eIlnedy_Drj.ve~__ .G.J::aIxL.rliJ.a1l:'4-lliE.___>_.____
<br />Property Address
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<br />MODII<'ICATIONS, In addition to the convenants and agreements made in the Security Instrument, Bor-
<br />rower and Lender further covenant and agree as follows:
<br />A, INTEREST RATE AND MONTHLY PA YMENT CHANGES:
<br />The Note has an initial interest rat.' of IJ4.-- %. The Note provides for changes in the interest rate and the
<br />monthly payment as follows:
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<br />NOTICE: THE SECURITY INSTRUMENT SECURES A NOTE WHICH CON.
<br />TAINS A PROVISION ALLOWING FOR CHANGES IN THE INTEREST
<br />RATE, INCREASES IN THE INTEREST RATE WILL RESULT IN HIGHER
<br />PAYMENTS, DECREASES IN THE INTEREST RATE MAY RESULT IN
<br />
<br />W\VER PAYMENTS.
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<br />III Rate Change Dates and Frequency Thereof, Beginning in 19-55--, the rate of interest! must pay lI'.&Y
<br />change in the____..fi.rst._____.day of the month___..AuQuat________._JMonth After Closing Month), and on
<br />that day ewry _._.n.-l.2..._.______.ffionths thereafter. Each daw on v . 'eh the rat.e of int.:!rest could change is called
<br />a .. Rate Chanl(e Date."
<br />{2} The lode", Any chanl(es In Ihe rale or inwt t will be based on an I ndex, The "Index" is KJ the Monthly
<br />e\verage Yi(>id on United States Tn~usury secUrIties ad,lust-€>d to a constant Inaturity of __ 6 months
<br />lC.l -,,'>ar :\ yp"ro -) V"Dr' "S made "vallabl" hy the ~\>deral Reserve Board. or the Na-
<br />tional Monthly ~\'1e,d_tun ('ost of Funds larlnualil.edl to FSLIC 1 nsnn""<i Savings and Loan Associations. as made-
<br />available hy th(~ F~t.ierai Hom(' Lmm Bank Board. \Cht'\:k on!v OIl(> box.l
<br />
<br />The first Index li!(Urdor Ihis !\ote 1slQ...2U ';,. It 13 c"lIed the '.Onginal Jndex". The most recently available
<br />lndex. figurt' as of 4f1 days ht..fon-'- '-~al'h HUl{.' rhang-e i::i ndled the "Current index."
<br />
<br />1 f the- Index i:'!- no Inn~l~r HVUllabh', the NOh~ Hoidt.~r will enCK)SP a ne-w index which is based upon comparable
<br />Informatmn. The ~ot{' H\)jder will g1V(' nw !lotic!;:" of this dlO1ct'
<br />
<br />lal Calculatioo of Chao!!"", I"'lon' "a<:h Change Dale, lh., "at" Holder will determine any change in my
<br />rate of lntere8L The ~oh' Holder will culcuiuti' al)' new tntert:'st rate by adding. _;L,,, q , percentage points
<br />1_,2 -t,j t.o tht:' \~urrt.'nl lndex and rounding tht. t't'"Suit to t.ht. nearest on{"-eighth of one percentage point
<br />(0.1 :t5(:.1. Thb rounded amount will ht' dw Ht'W rnte of illtere~t 1 am n'quirl:.d to pay.
<br />
<br />Tht' mtlXHnUl~! int\:'rt"st rJ.l(t.~ ! \\l!! he n'''qUlr~~j tu puv on {his loan ;.\'ill h(' no rnorp than 14~+
<br />rmniruu1n iUl-.l:.'rt':O-.{ r-alt' I \.-\'iU ht" 1"1:'iIUlH.d ro p.av fin chi" hl(Ul \\di hf_' no lf~ss than nL..a.
<br />
<br />!-7(). The
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<br />Th~ ~Olt'~ Holder ""'111 tht'H dt"lt'rmint" I he H('W mrtllUJ1t \.if HlV m(JHlhly puyment which would be t<ufficient to
<br />rep8)-' lhe oUl8tamling: prH1f1pdl hahuwt" in tuil on {ht' nHHurit~' dale at my new ral-l~ of interest in substantially
<br />""qual pttymt'-f\l.S. fht' rt:'~uit nl' (hj~ l'UWUiHUIJll i" l,:ullt,'d tht.-' Full Paynumt" and wilJ bl" the new ull10unl of my
<br />monthly pnynwnt
<br />
<br />PHO\'ISto' \i41 !'\ppht'abj{, \lniy :i ! hl~ box l~ dlt......kt"L
<br />
<br />It) Linlit un Inten,'~l Hatt" Jnc:n'"~t:""": The ~-aH- lit HUt_'n';:;.l i ,ll!! ft'(luin-d to p<<~' ~huH nt'ver he in('r€'a~ fIr
<br />dl...~r"'dS\.".d un .nn. ~Ing-h.-' nilH' ('hhngt- ! )dk i}\ mon.! him trolll t!It. rati..' III inlPrp~l I han' ht"t>n IH-t)'inK
<br />
<br />!a) BU~tivt' Balt> of ChauJt(t"'s; l'ht. 11i4V. r;j.y oi l1H.f:',t':-il ,\<iH ht~,.omt' dh'{,tiv~~ PH t.'.I;t(h HULt:' {'hanl{t! Dale" I
<br />will pay t.he HeW iHHOU!'H dl rny lUv!lthly pU\:nWrlt t:,tH:h nH.lnlh ht>pnning 01\ t.ht> firit il1(lJllhly paymenl datt!
<br />after th~ Halt:' {'hauge IhHt' lint iJ I hi, JrlIoUl1{ l',i my fHonl hly lltlynl\~nl:. I.... .;lguW chl1ng-t'<.i, or i havt.> fully re-paid
<br />t ht~ l(~an.
<br />
<br />16i Notice of ChBnM.t'fot~ The ~ott, Hoidt>r '-"dl r:wd 01' dt.ii'.-ef in rfJ\';;1 HoUl..'e of iJU~' duwges ht~fon.. padi Hatt..
<br />ChCitlf(e Dat,(~o Tht' 'OUCt:< Will iHj,,'i~t' nit" ill !.rw r'H."W ilHt're;-.;t fa{r- 1<11 IH\ lnHlL rfIP HflHHillt (...If rnv !ww nwnthlv
<br />paynlt:nts., and an>' dddi!HHlill mtli.ti:'r~ \\.h.lch th-t' >'ilHt' lloldt~l' t~ n,,(~uln.d!o d.l~\.:hl~'.
<br />
<br />i'rf>\"i~Hin~ ,\(71, '\l~l, -\\~h, dnt.l '\1 i 'H apphc.abh.' nnly d I tu", hlJx )", t'iH~f'kt,,-i
<br />
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<br />at Hon-ower"/oO ki1(ht Tn Limit Monthly PnJIUt'ni: l.! nlt>~~ ,~..>ft I. ill':' .\\~H <JHd ,\i j t1l bdo\.. \lldH not ~.lt'rnu{. lllt'
<br />to do '<<J, i miti} Ch,~).~t.' tl." iHnii du< fHlH}\lnt ~d TH" !h:W !fH.l!;thi~' PH\ mt~lil tuH(l\o\'ln.g H HHtt' l"Htng~' I ).H(' to lh..
<br />amount; f'lbV(<- ht!'\~li pit,! lllg nlulcipiH"d fp, 1. ht~ HUl.Ilb'H 1 Ii'?!'l nu:,,> ,HlloUlll. 1:<- \'dH('{i (ill' . LWll\pd PaVlll~'m ! i
<br />j (hc:.",o~j i~ Lin-uft'11 Paytllt.'nt <I;'; fli,'" lHonthly p!(rnli'HI. 1. lHU...t 1::1\'t' th\, ''\'111' lloid,l-'l nulg'p thaI ! ~lill dmng ~o
<br />ilt h~B!'t.t l;l dR,\~ l)t'lhn.' ill', fH...{ nt,,," 'Ponth!.\' pfl...rnt"!ll ,.... dll~'
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